Re: AGM and news?
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posted on
Oct 18, 2010 05:42PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
TORONTO, Oct. 15 /CNW/ -- Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to report new assay results from the Company's Eagle's Nest deposit at the McFaulds Lake Property located within the Ring of Fire mineral district in the James Bay Lowlands. The results are from the ongoing drilling targeted at extending the limits of 1B and 1C lenses discovered in August 2009. Drilling to date suggests that the Eagle 1B and 1C lenses may be a single unit with a current defined vertical length of over 700 metres.
Nine holes intersecting the Eagle's Nest mineralization are being reported herein. Eight of the holes intersected significant assay results and one hole intersected minor mineralization.
HIGHLIGHTS:
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- Hole No. NOT-09-68 intersected 49.5 metres (672.4-721.9m) averaging
2.22% Ni, 0.74% Cu
- Including 5.5 metres (716.4-721.9m) averaging 7.49 % Ni, 0.95% Cu,
- Hole No. NOT-09-63 intersected 14 metres (517.6-531.6m) averaging
2.92% Ni, 1.14% Cu, 1.05gpt Pt and 5.21gpt Pd
- Including 3.4 metres (526.9-530.3m) averaging 7.28 % Ni, 1.71% Cu,
0.06gpt Pt and 6.43gpt Pd
- Hole No. NOT-09-67 intersected 101 metres (530.7-631.7m) averaging
1.75% Ni, 1.07% Cu
All of the drill results reported herein, have contributed to the expansion of the mineralization limits of Eagle1B and 1C, most significantly, the area between the two lenses. Based on the continuity of the mineralization, it now appears that there is a single mineralized unit rather than two lenses.
Noront's President and CEO, Wes Hanson, states: "We are extremely encouraged by our latest drilling at Eagle's Nest which has increased the dimensions of the initial B and C lenses (now joined) and continues to demonstrate additional potential at depth. Over the next six months, our focus will be on continued drilling at Eagle's Nest with the immediate objective of tracing the mineralization further to depth and upgrading a significant portion of the deposit to measured and indicated resources."
Oct. 13, 2009 (Canada NewsWire Group) --
TORONTO, Oct. 13 /CNW/ -- Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT)announced today that it has formally commenced a share exchange take-over bid (the "Take-Over Bid") for Freewest Resources Canada Inc. ("Freewest", TSX-V:FWR) to acquire all of the issued and outstanding common shares (the "Common Shares") of Freewest (the "Offer").